Judge dismisses case over FBI raid of 1,400 private safe-deposit boxes and seizure of millions in jewelry and cash

A judge ruled on September 29 that federal agents who raided 1,400 safe-deposit boxes in March 2021 at a private vault company did not violate search and seizure laws, court documents shared with Insider show. 

A lawsuit filed in August alleged the FBI and the US attorney’s office in Los Angeles obtained warrants against US Private Vaults in Beverly Hills, California, by concealing critical details from the judge who approved them. 

In his ruling, District Court Judge R. Gary Klausner found no impropriety in the way the government got or executed the warrants for the raid. He dismissed the class-action suit filed on behalf of the people whose boxes had been seized.

The vault company was shut down following the raid and pleaded guilty to conspiracy to launder drug money.

Laura Eimiller, a spokesperson for the FBI, told Insider: “Today’s District Court ruling makes it clear that agents investigating criminal activity at US Private Vaults did not mislead the court and affirms the FBI’s position that the investigation was conducted without malice and in a manner consistent with the law, FBI policies and the US Constitution.”

The lawsuit was filed after FBI agents raided the Beverly Hills branch of US Private Vaults, seizing more than $86 million in cash, as well as jewelry and gold from 1,400 safe-deposit boxes. It said owners’ items still had not been returned and that agents misled a judge to get the warrant.

None of the people who owned the boxes has been charged after almost five years of investigating; various agencies concluded “the problem was the business itself,” court documents said.

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Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

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